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Azincourt Energy to Sets Drilling Timeline at East Preston Uranium Project

Mining News - Published on Thu, 12 Dec 2019

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Azincourt Energy Corp has provided an additional update on permitting and preparation plans for the 2020 winter diamond drilling program at the 25,000+ hectare East Preston Uranium Project, located 50km southeast of Patterson Lake, in the Western Athabasca Basin, northern Saskatchewan in Canada. A permit for road construction is in place, and weather permitting, road opening into the main exploration camp and drilling areas will be initiated in the next two weeks. The plan calls for the re-opening of approximately 65km of winter road, passing Purepoint Uranium Group's turnoff to Hook Lake at 15km in, and the Azincourt camp at Bolton Lake Wilderness Lodge, at 55km. A preliminary open to the lodge should be in effect by Christmas, after which an additional 8km of new winter road will be established into the Five Island Lake area

Drill mobilization is then scheduled for January 2020, following receipt of 2020 drill/work permits, which are expected to be received sometime in the next few weeks.

Drill target prioritization has been completed, based on compilation of results from the 2019 winter drill program and 2018 and 2019 ground-based EM & gravity surveys, and property-wide helicopter-borne Versatile Time-Domain Electromagnetic and magnetic surveys.

The proposed $1,2M drill program will focus on prospective targets in the Five Island Lakes area with 2000-2500m (up to 15 holes) of diamond drilling at 8-to-10 pad locations. The Company will continue to provide updates as permitting is received, groundwork commences, and drill mobilization begins over the next few weeks.

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Posted By : Rabi Wangkhem on Thu, 12 Dec 2019
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